Lightwave Logic Inc (LWLG)

[tkg]

It's difficult to process the impact that Generative AI will have on the world going forward, it's only just getting started and it's all about one thing, data!

No Turning Back: AI Everywhere Causes a Seminal Shift in the Tech Market
JUNE 28, 2023

Generative AI triggers the dawn of this new era because it will drastically reduce the time and costs associated with developing solutions for a wide range of use cases associated with automation and intelligence. The rapid adoption of Generative AI moves AI from an emerging software segment in the stack to a lynch-pin technology at the center of a platform transition. The market generally assumes that this type of platform transition requires a shift in hardware, similar to the move to client-server from mainframes, or to the cloud from client-server. However, IDC believes that this time it will be different. This platform transition will focus more on data. This time it will be about how we use data as an input (to train, fine tune and infer foundational models) and as a business outcome (as part of the development of new use cases).

https://blogs.idc.com/2023/06/28/no-turning-back-ai-everywhere/

IDC predicts that by the end of 2023, 53% of all investments in information and communication technology will be in digital transformation.